Tata Motors Passenger Vehicles Ltd reported a consolidated net loss of ₹3,486 crore for the quarter ended December 31, 2025, compared with a net profit of ₹5,406 crore a year earlier, as the impact of a cyber incident at Jaguar Land Rover (JLR) weighed on performance.

Total revenue from operations declined 25.8 per cent year-on-year to ₹70,108 crore in the December quarter, from ₹94,472 crore in the corresponding period last year. The company reported an EBITDA of ₹1,518 crore for the December quarter this year.

Total consolidated expenses rose to ₹74,880 crore in Q3 FY26, exceeding revenue, primarily due to higher employee costs, product development expenses and other operating costs.

JLR impact, domestic business shows improvement

Exceptional items for the quarter amounted to ₹1,597 crore, largely related to supplier claims and cyber incident-related expenses at JLR, along with employee-related costs following the notification of new labour codes.

The company said the quarter was affected by the carryover impact of the cyber incident at JLR, which disrupted production and distribution. JLR’s revenue for the quarter fell 39.4 per cent year-on-year to £4.5 billion.

In contrast, the domestic passenger vehicle business reported revenue of ₹15,317 crore, up 24 per cent year-on-year, supported by higher volumes. Domestic EBITDA margin stood at 7.0 per cent, though it was 80 basis points lower than a year ago.

Dhiman Gupta, Chief Financial Officer of Tata Motors Passenger Vehicles, said the quarter was challenging due to the expected impact of the cyber incident at JLR, while domestic operations showed improvement on a quarter-on-quarter basis.

“We expect performance to significantly improve in Q4 with recovery at JLR and continuing growth in domestic market share,” Gupta said, adding that the company was focused on improving margins and cash flows.

The company said it expects a sharp improvement in the March quarter, led by normalisation of JLR volumes and continued demand in the domestic market.